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One of the reasons climate change is described as the world’s biggest market failure is because the cost of the emissions do not always fall on those creating them, but instead on future generations or people in developing countries. That is beginning to change as these impacts start to be felt in the rich world […]
This week Extinction Rebellion protesters have returned to the streets of London demanding faster action to tackle rising greenhouse gas emissions. More than 600 people have been arrested for blockading streets around Whitehall, with the figure likely to increase. One of the more viral bits of social media associated with their presence in Westminster was […]
The UK made headlines this week, becoming the first major economy to commit to reduce its climate harming emissions to net zero by 2050. Although well received by business and the national farmers union, some critics have raised concerns about what would happen if the rest of the world doesn’t follow suit. Thankfully those fears […]
Whilst serving as Margaret Thatcher’s Minister for Agriculture, Fisheries and Food, John Gummer attempted to increase the height of Britain’s sea defences, concerned as he was by rising sea levels. However, he was told by his officials that the Treasury would not allow it, so he made his case to the Prime Minister. Gummer recalled […]
As schoolchildren once again descend on central London in protest at the lack of action to address climate change, spare a thought for the Telegraph’s Assistant Editor, Christopher Hope, and his beloved Parliament Square lawn. In one of the more lampooned reactions to last month’s school strike Mr Hope tweeted: “Around 2,000 sixth formers who […]
The combination of mobile phone technology and the internet has had a transformative effect on many parts of Africa. By leapfrogging the landline stage of telephone development, a host of services, particularly banking, have brought economic and social gains. Which is why it’s sad to see the Ugandan government introducing a social media tax, with predictably damaging […]
Despite making endless campaign promises that Mexico would pay for his border wall, Donald Trump has found that the real world is harder to bend to his will than the Republican Party. After being rebuffed by both the Mexican president and Congress, the self-anointed master dealmaker has been forced to declare a national emergency to […]
Despite giddy excitement in Westminster regarding the formation of The Independent Group, the most sobering news of the week was the announcement that Honda would be closing its Swindon factory in 2021, taking 7000 jobs with it. The news leaked out before Honda had announced the reasons for the closure. Inevitably, many jumped to conclusions […]
The UK construction industry has long been overdue a market disruption to challenge the complacency of the major housebuilders. Over the past 20 years productivity growth in UK construction has averaged just 0.4 per cent per year compared to manufacturing’s 3.2 per cent. This is part of the reasons for our housing crisis, as noted […]
When Irish Taoiseach Leo Varadkar came to office in June of 2017, he styled himself as the ‘Irish Macron’. A month earlier the French President had entered the Elysée Palace and was riding a wave of purpose and popularity. Nearly two years on, following a bruising encounter with the gilets jaunes protesting about French fuel […]
Amid the collapse of Germany’s centre left Social Democratic Party (SPD) and Angela Merkel’s embattled centre-right Christian Democrats (CDU) much has been written about the rise of the anti-immigration Alternative für Deutschland and its ties to neo-Nazism. However a much less heralded winner of Germany’s political turmoil has been the country’s Green Party. What explains […]
CapX readers may know that the Centre for Policy Studies is running a competition challenging politicians to come up with policy ideas to save money rather than just spending it. It came on the heels of the Prime Minister’s announcement that the NHS would be handed a further £20 billion by 2023/24. Despite couching it […]
The world’s leading scientists have given their verdict on the state of the world’s climate and the results are not good. Global warming is currently 1°C above pre-industrial levels, the point at which humans started burning large amounts of fossil fuels. Nations have agreed to limit warming to “well below” 2°C and try to keep […]
Entering the Beazley Designs of the Year exhibition feels a bit like taking a glimpse into the future. The layout of the subterranean gallery at Kensington’s Design Museum resembles the Yad Vashem Holocaust memorial in Jerusalem, with its grey winding corridor funnelling visitors past the exhibits. Rather than simply focusing on aesthetic design, the exhibition […]
It’s remarkable quite how much trouble a party called the Conservatives has had getting to grips with the environmental conservation agenda. The values of protection, sustainable prosperity and not passing on huge ecological costs to the next generation should be fundamental to the party’s ethos. Despite this fertile soil, the Tories’ lack of credibility in […]
Despite the fact the UK spends 99.3 per cent of its national income on itself, the 0.7 per cent we deploy helping the world’s poor generates a great deal of heat and controversy. One of the bugbears of overseas aid critics is that taxpayers’ money is being spent by faceless bureaucrats, about which we know […]
It’s straight out of the mind of Franz Kafka: the British state is to impose energy price caps while also effectively banning the cheapest form of new energy, onshore wind. In the Budget, the Government once again reiterated its claim to want to keep energy bills down, but a study by the Energy & Climate Intelligence Unit shows […]
When people talk about the usefulness of markets, the benefit to migrating birds is usually not high on the list. And yet in California crowd sourced data, a mobile phone app and rice farmers in need of cash are combining to create a market solution to an ornithological puzzle. The Golden State is the key […]
Recent research by the Legatum Institute and Populus – featured on the CapX podcast this week – recently showed large public support for Jeremy Corbyn’s nationalisation agenda. Second on the list of things people were keen to see brought under state control was electricity at 77 per cent. The best way to prevent any future Government from […]
